Insider Selling: Semrush (NASDAQ:SEMR) CMO Sells $2,322,001.60 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden sold 196,115 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $11.84, for a total value of $2,322,001.60. Following the completion of the sale, the chief marketing officer owned 241,084 shares of the company’s stock, valued at $2,854,434.56. This trade represents a 44.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Semrush Stock Performance

SEMR opened at $11.89 on Friday. The stock has a fifty day moving average of $8.95 and a 200-day moving average of $8.65. The company has a market capitalization of $1.77 billion, a P/E ratio of 148.58 and a beta of 1.55. Semrush Holdings, Inc. has a fifty-two week low of $6.56 and a fifty-two week high of $18.74.

Institutional Investors Weigh In On Semrush

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amundi grew its stake in shares of Semrush by 29.3% in the first quarter. Amundi now owns 4,890 shares of the company’s stock worth $44,000 after purchasing an additional 1,108 shares during the last quarter. Martingale Asset Management L P lifted its holdings in Semrush by 2.4% during the 1st quarter. Martingale Asset Management L P now owns 54,352 shares of the company’s stock worth $507,000 after buying an additional 1,268 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Semrush by 6.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,082 shares of the company’s stock valued at $206,000 after buying an additional 1,310 shares during the last quarter. Petrus Trust Company LTA increased its stake in shares of Semrush by 4.6% in the first quarter. Petrus Trust Company LTA now owns 31,043 shares of the company’s stock valued at $290,000 after buying an additional 1,368 shares during the period. Finally, Aigen Investment Management LP raised its position in shares of Semrush by 15.7% during the first quarter. Aigen Investment Management LP now owns 13,007 shares of the company’s stock worth $121,000 after acquiring an additional 1,767 shares during the last quarter. 32.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on SEMR shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Semrush in a report on Wednesday, November 19th. Jefferies Financial Group reissued a “hold” rating and set a $12.00 price target (up previously from $10.00) on shares of Semrush in a research report on Thursday, November 20th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Semrush in a report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $12.00.

Semrush Company Profile

Semrush Holdings, Inc develops an online visibility management software-as-a-service platform in the United States, the United Kingdom, and internationally. The company enables companies to identify and reach the right audience for their content through the right channels. Its platform enables the company's customers to understand trends and act upon insights to enhance the online visibility, and drive traffic to their websites and social media pages, as well as online listings, distribute targeted content to their customers, and measure the digital marketing campaigns.